Ryanair Could Hold Altitude in Airline Descent

By

Renée Schultes

July 6, 2014 3:47 p.m. ET

When it comes to European airline stocks, now looks like a good time to switch off the autopilot.

Investing in the region's biggest airlines by market capitalization has reaped handsome rewards in recent years. Despite falling by about one-quarter from a 52-week high set in April, Air France-KLM shares have still almost tripled in value since mid-2012. Deutsche Lufthansa and easyJet shares, which have fallen by a similar amount...